Dhaka, Bangladesh (BBN) - Trading of the shares of the Peninsula Chittagong Limited will commence at the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) from Sunday under ‘N’ category, officials said.
DSE Trading Code for the Peninsula Chittagong Limited is ‘PENINSULA’ and DSE Company Code is 29003.
Under the fixed price method, the Peninsula Chittagong, a hotel situated in Chittagong, offloaded 55 million ordinary shares at an offer price of BDT 30, including a premium of BDT 20 for each BDT 10 share and raised a fund worth BDT 1.65 billion.
As per the company’s prospectus, the fund will be utilised for the company's expansion and along with setting up two new hotels near Chittagong Airport.
In accordance with the financial statement for the year ended on June 30, 2013, the company's earnings per share (EPS) and net asset value (NAV) are BDT 2.49 and BDT 32.73 respectively.
The securities regulator – Bangladesh Securities & Exchange Commission (BSEC) approved the IPO (initial public offering) proposal of the Peninsula Chittagong on February 4, 2014.
BBN/BB/SI-14June14-8:50 pm (BST)
